Issue - meetings
Creation of a new legal entity within The Barnet Group
Meeting: 14/10/2015 - Policy and Resources Committee (Item 10)
10 The Barnet Group - Creation of new legal entities 
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Minutes:
The Committee considered the report.
The Chairman moved a motion that was duly seconded,
“To amend the recommendations on the report as follows:
That the Committee, recommend that Full Council:
1. Authorises the Commissioning Director, Growth and Development to finalise and agree the Shareholder Agreement with TBG, in consultation with the Chairman of Policy and Resources Committee.
2. Approves the creation of a Registered Provider subsidiary of Barnet Homes
3. Approves the creation of a new TBG Terms and Conditions Trading Company”
Having been put to the vote the Committee voted:
For: 12
Against: 0
Abstain: 0
The motion was therefore carried.
The Chairman invited Members to indicate whether they had any questions regarding the information contained in the exempt report, which would require the Committee to go into private session. The questions were answered in the private session.
Having been put to the vote the Committee voted on each recommendation individually as follows:
Recommendation 1
For: 7
Against: 5
Abstain: 0
Recommendation 2
For: 12
Against: 0
Abstain: 0
Recommendation 3
For: 7
Against: 5
Abstain: 0
The Committee;
RESOLVED – to recommend that Full Council
1. Authorises the Commissioning Director, Growth and Development to finalise and agree the Shareholder Agreement with TBG, in consultation with the Chairman of Policy and Resources Committee.
2. Approves the creation of a Registered Provider subsidiary of Barnet Homes
3. Approves the creation of a new TBG Terms and Conditions Trading Company